📈 Are you on track with the Baby Steps? Get a Free Personalized Plan ✅ Help us make the show better by taking this short survey! While the show hosts are on the Ramsey Cruise for the week, we've compiled some of our favorite Rachel and George calls from 2024. Enjoy your weekend and we'll be back with a live show on Monday! Rachel Cruze & George Kamel answer your questions and discuss: ‘I took a pay cut to keep my family together?’ ‘I owe $130K and make $24K, what can I do?’ ‘My ex-boyfriend left me with an RV’ ‘I'm living in my car, what should I do?' ‘My husband took out credit cards for our kids’ 'We're $392K in debt, what can we do?' Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY ⛨ Find top Health Insurance Plans at Health Trust Financial 💸 To find out more about student loan refinancing, check out Laurel Road 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 🎥 Get your tickets for The Chosen Season 5! 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps 📱 Watch the full episode for free in the Ramsey Network app. 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 💵 Start your free budget today. Download the EveryDollar app! 🛒 Preorder Build a Business You Love Now at Ramsey Solutions 🤓 File your taxes with 100% accurate software that’s 20% of the price. 💰 Don’t pay extra for simple tax filing needs. File your taxes with 100% accurate software that’s 20% of the price Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: What is the main focus of this Ramsey Show episode?
Hey guys, it's James Childs, producer of The Ramsey Show. This week, Dave and the personalities are living it up on the Ramsey Cruise, so we've put together a compilation of some of our favorite calls and segments from the last year. Regular shows are back next week. Hope you enjoy!
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships. I'm George Campbell, joined by my co-host, Rachel Cruz. She's also the co-host of another show we do together called Smart Money Happy Hour. The number to call is 888-825-5225. You jump in. We'll talk about your life, your money.
We'll help you take the right next step, and we'll try to make it entertaining, too, because, you know, life's too short.
Yeah, yeah. And money's fun. All this is fun. We can enjoy this.
The world is heavy, and we're out here just making light of it all and showing you a path forward, some hope. So Jeremy's going to kick us off across the border in Ottawa, Canada. What's going on, Jeremy?
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Chapter 2: How can I handle a significant pay cut to keep my family together?
Oh, just trying to keep one foot in front of the other. How about yourself?
That's right, my friend. How can we help?
Well, hopefully with some answers to some money problems, but in a In a nutshell, I uprooted my family and moved, ended up taking about a 65% pay cut, and now everything's just starting to pile up and pile up, and I want to know if it makes me a deadbeat father if I move back to my old job where I'm making north of $150K versus south of $50K.
just to keep all the bills paid and food in the fridge.
What was the reason for you to uproot them and take this pay cut? It was clearly a big enough reason that you guys decided to do this.
Just to keep the family together, be a little bit closer to my partner's family. They're super close.
Okay, and now you're realizing we can't sustain this financially. With our lifestyle, our bills, and our much lower income, this is stressful for us, even though we're closer to family.
Exactly.
When you moved away, how far away are you from where you guys moved? Because when you said to go back to my job, does that mean move again to go back to the old job, or you could do something different with where you guys live now?
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Chapter 3: Should I consider bankruptcy or continue attacking my debt?
I don't know. She doesn't tell me what her expenses are.
Okay. So you guys don't have any finances combined? No. Are you legally married or just cohabitating?
Just we're common law. We got two little ones.
Okay. And bank accounts are separate. Do you guys Venmo each other for the mortgage? How does this work?
I take care of the mortgage in one vehicle and she does the rest.
Okay, and she's not feeling the stress of this financially? Just you?
No, she is too.
because apparently she hasn't been able to uh to make her minimums either okay so it's sounding more like a relationship issue jeremy it sounds like you guys just aren't doing well as a couple in general i don't know if money's the main issue i think it's become a symptom of it but you guys it doesn't sound like you guys communicate well or or have the same goals or or um do this life together very well it seems very separate even from an emotional standpoint is that right
It's getting there. That's for sure.
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Chapter 4: How to deal with low income and overwhelming debt?
So either we're cutting our freaking lifestyle and taking everything off the table and doing nothing in order to feed the kids. Or we're going to have to decide different jobs. We're going to have to choose to move back. We don't get to just sit and not make money and not pay our bills. We can't do that. So that's not an option. We're adults and this is part of life. And so that's one thing.
But the other thing I'm very concerned about, Jeremy, is the relationship. I mean... I mean, it just it sounds bizarre to me that she's so in the clouds that she wants nothing to do with you financially. Then she's made that very clear. My question is why? Because long term, this is not a sustained relationship.
You cannot live your life on two separate pages financially because what that is, it's an indicator of how your relationship is in general. And you guys are going to just keep moving further and further apart. And you guys have two kids together. So it's worth the fight. But you first, from a tactical standpoint, have to get enough money in to pay the bills.
And you both have to come to that understanding. And if she is so in the clouds in that, then she may not be a great partner long term because she's probably in the clouds on everything else. So there has to be some big decisions that are going to be really difficult. But you both have to step up as adults and decide to face it together.
It's Holy Week in Jerusalem. Crowds welcome Jesus as King. Rebellion is in the air. Jesus operates outside our jurisdiction. Rome will descend on us all! But instead of taking the throne, Jesus turns the tables.
My house shall be called the house of prayer, but you make it a den of thieves!
the world will never be the same. Now in theaters, The Chosen Last Supper. Get your tickets now.
Welcome back to The Ramsey Show. I'm George Camel, joined by Rachel Cruz. If you want to check out some other shows that we produce, you can check out the George Camel YouTube channel and, of course, The Rachel Cruz Show on YouTube and podcast. And it's all on the Ramsey Network app if you want to check that out as well. All right, let's go to Noel in El Paso, Texas. Noel, did I get that right?
You did. Okay, wonderful. How are you doing? I'm doing all right. Taking it one day at a time, best as I can. How can we help today? What's going on?
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Chapter 5: What should I do if my ex left me with an RV payment?
I'm okay with that. You're on the verge of bankruptcy. You just told us. You got here because you were unwilling to have delayed gratification, sacrifices weren't made, and you made some poor financial decisions. And this is the one on the list that you can undo if you're willing to drive a 15-year-old truck for a season so that you can avoid bankruptcy.
Okay.
What's the truck payment?
It's $583 a month.
So you would have an extra $600 a month to go toward your debt.
I mean, do you realize that if you're going to file bankruptcy, they're going to liquidate and get as much as possible anyway. So, I mean, this could all be on your terms and it's going to be uncomfortable and it's not going to look the way that you've been.
handling your money but something has to change so of course your life is going to look different if you start making different decisions with money and and it's not going to be easy um because i mean a little bit of the easy route is is the debt route you kind of can get what you want when you want it and you know that's how majority of people live but you're finding that it's causing stress
You're calling us for a reason because you're not happy with where you are financially. So something does have to change. So your mindset around money, regardless of work and construction and weight, I mean, all of that, like if you're in this desperation part, if you get to this place in your life, you're willing to do anything, like anything.
And I don't know if you feel that or want to experience that.
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